A new study reveals that nearly one in four white-collar workers are experiencing a “mid-career stall,” defined as at least five years without a promotion or significant raise.
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This hidden professional crisis can result in significant financial losses and missed opportunities for career growth and advancement.
The research, tracking 1.3 million mid-career professionals over 25 years, found that 24.2% of workers are stalled in their careers.
Factors contributing to this phenomenon include a flattening labor market, fewer opportunities for advancement, and a lack of access to valuable project and leadership experience.
Different industries show varying rates of career stalls, with software developers experiencing an average loss of $43,000 in wages over 15 years.
To combat a mid-career stall, workers are advised to develop skills such as presentation, communication, and leadership to pivot to a new career ladder.
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